1. Voluntary Separation Incentive Plan (VSIP)
Key component of FY18 budget reduction plan
Reserve account created to pay for plan – capped at $5M

2. REDUCTIONPLAN Faculty Separation Incentive Eliminate Vacancies
Huron Consulting Recommendations
Division Cuts
$2 million
$0.7 million
$5.9 million
$1.5 million

3. Voluntary Separation Incentive Plan (VSIP)
VSIP is not an entitlement
Fundamental requirement
Participation in the program must meet the needs of the University as determined by departmental and college administration, and ultimately is the decision of the Provost and Vice President of Academic Affairs.
Methodology determined by the Provost to best support the College and University
Not every eligible employee’s application to participate in the program may be accepted.
Participation is voluntary
This VSIP is not an entitlement. A fundamental requirement of this program is that any participation in the program must meet the needs of the University as determined by departmental and college administration, and ultimately is the decision of the Provost and Vice President of Academic Affairs. Not every eligible employee’s application to participate in the program may be accepted.
Participation in the VSIP is voluntary. Submitting an application to the VSIP is voluntary for all eligible employees. Eligible employees are encouraged to consider the program; however, no one is required or not required to apply. Application to the VSIP will not in any way change the current employment relationship with the University.

4. Who Qualifies for VSIP? Academic Personnel Tenure Track Faculty
(University’s agency 067 budget)
Tenure Track Faculty
Clinical Faculty
Extended Term
Librarians
Archivists
Lecturers
Research Scientists
Extension Educators
Currently in the track/term
20+years* in benefitted position(s) as of:
August 22, 2017 (AY)
August 31, 2017 (FY)
*If 20 consecutive years, start date FY 1998 (AY 97-98)

5. Eligible Participants for VSIP
DIVISION
Faculty
Extended Term
Administration 1
College of Agriculture & Natural Resources 25 12
College of Arts & Sciences 86 10
College of Business 11
College of Education 7
College of Engineering & Applied Science 15 4
College of Health Sciences 5 2
College of Law 3
Outreach School
University Libraries
Academic Affairs
Research & Economic Development
Total
156 38

6. December through February 1: Application period open
Monday
Tuesday
Wednesday
Thursday
Friday
VSIP Timeline
Dec 1
Roll out; Application period opens
Dec 2
December through February 1: Application period open
Feb 15
Dean/Supervisor rankings/recommend to Provost
Feb 16
Feb 17
Feb 20
Feb 21
Feb 22
Feb 23
Feb 24
Feb 27
Feb 28
March 1
Approved employees notified
Mar 2
Mar 3
Mar 6
Mar 7
Mar 8
Approved employees must execute separation agreement
Mar 9
Mar 10
Additional eligible employees notified (if needed)
Mar 13
Mar 14
Mar 15
Last day to revoke agreement
Mar 16
Mar 17
Additional eligible employees must execute agreement
Mar 20
Mar 21
Mar 22
Mar 23
Mar 24

7. Monday
Tuesday
Wednesday
Thursday
Friday
May 15, 2017
First possible separation date
June, 2017
July, 2016
August 22, 2017
Last possible voluntary separation date for AY employees
August 31, 2017
Last possible voluntary separation date for FY employees

8. VSIP Payment One-time payment Other Benefits (choose one)
AY Appointments
9-month budgeted salary*
(as of 9/1/16)
Cap: $150,000
FY appointments
9/12ths of budgeted salary
* Supplemental salary not included in calculation of one-time payment
Other Benefits (choose one)
Converting up to 960 hours of accrued sick leave to a UW-paid contribution for group health insurance up to a maximum of 36 months
Lump sum payment for ½ of the current sick leave balance as of the employee’s last working day up to a maximum of 480 hours – paid after last working day
Terminal leave for ½ of the current sick leave balance as of the employee’s last working day up to a maximum of 480 hours – paid at end of leave

9. Application Procedures
Separation Agreement
Submit application and current (comprehensive) vita to:
Do not submit application to:
uwyo.edu
Format application and vita filename to include Last and First Name
Doe_Jane_VSIP_application_form.docx
Doe_Jane_Vita.docx
Submit Separation Agreement in person or postmarked no later than 5 pm on March 8, 2017.
Application automatically withdrawn if signed Separation Agreement is not received/postmarked by deadline.
Separation Agreements may be revoked within 7 days of executing agreement (March 15, 2017).
If additional employees are admitted on March 10, deadline for revoking agreement is March 17, 2017.

10. For more information
Eligibility requirements/general questions about the VSIP, contact the Office of Academic Affairs at
Benefits and/or retirement, contact Eric Goldenstein, Associate Director, Benefits, at refer to: 
CRITERIA QUESTION
A fundamental requirement of this program is that any participation in the program must meet the needs of the University as determined by departmental and college administration, and ultimately is the decision of the Provost.
Applications will be prioritized according to methodology determined by the Provost to best support the College and University.  {Methodology has not be finalized as of yet.)